Is Itron (ITRI) a Solid Growth Stock? 3 Reasons to Think "Yes"

Core Viewpoint - Growth investors seek stocks with above-average financial growth, but identifying such stocks can be challenging due to inherent risks and volatility [1] Group 1: Company Overview - Itron (ITRI) is highlighted as a recommended growth stock with a favorable Growth Score and a top Zacks Rank [2] - The company operates in the energy and water meter sector, which is currently positioned for growth [3] Group 2: Earnings Growth - Itron has a historical EPS growth rate of 36.7%, with projected EPS growth of 4.8% this year, surpassing the industry average of 4.7% [4] Group 3: Cash Flow Growth - Itron's year-over-year cash flow growth stands at 50.8%, significantly higher than the industry average of 11.3% [5] - The company's annualized cash flow growth rate over the past 3-5 years is 4.9%, compared to the industry average of 4.4% [6] Group 4: Earnings Estimate Revisions - There has been a positive trend in earnings estimate revisions for Itron, with the Zacks Consensus Estimate for the current year increasing by 11.7% over the past month [8] Group 5: Investment Positioning - Itron has earned a Growth Score of B and a Zacks Rank 2 due to positive earnings estimate revisions, positioning it well for potential outperformance [10]